Supply Chain Management (SCM)

Paper Summary:

This paper explains that supply chain management (SCM), also called logistics management, is the management of networks that link internal and external suppliers with internal and external customers, enabling the interchange of materials and information through the network, thus effectively lowing costs and reducing the time needed for production. The author reports using data collected through questionnaires sent to a sample comprising logistics, procurement, and supply chain management personnel with a variety of academic qualifications, such as business, management, science, arts, technology, and engineering, who are employed by automotive companies in America and Malaysia. This paper concludes that Malaysian companies are lagging behind American companies in the implementation of SCM systems and practices; therefore, companies in Malaysia should upgrade their SCM competencies to improve their performance and profitability.

Table of Contents
Introduction
Hypothesis
Literature Review
Supply Chain Management Practices in the United States of America vis--vis Malaysia
Methodology
Subject Population
Data Collection
Statistical Analysis
Results
Limitations of the Study
Recommendations

From the Paper:

"Automobile industry is one of the sectors where supply chain management is finding critical applications in view of the value and quantum of the components to be procured before assembling the final product. In Malaysia, the industry is growing, but the opportunities are also posing challenges like the increasing need to reduce design cycle times, upgrade safety and emission standards to meet regulatory changes. Automotive firms are also required to contend with higher degree of vehicle complexity, shorter developmental cycles, and integration of design innovations with the supply chain to stimulate customer interest and finally, deliver high quality products in a scenario of reducing costs. The key for profitability will be creating and sustaining an efficient supply chain management aimed at creating hassle-free collaboration with suppliers, vendors and customers. "

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